Wealth management - News, Articles & Research: Finextra

US asset managers apply to SEC for bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products continues, following news that many of the country’s largest asset managers, BlackRock, WisdomTree and Invesco, have applied to the SEC for permission to launch a spot bitcoin ETF.

22 June 2023

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Backbase buys digital wealth platform Nucoro

Engagement banking vendor Backbase has acquired UK-based digital wealth platform Nucoro. Financial terms of the deal were not disclosed.

15 June 2023

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Wealthtech OneVest raises CAD$17m

Canadian Wealth-as-a-Service outfit OneVest has raised CAD$17M in Series A funding led by Omers Ventures

15 June 2023

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Freetrade slashes valuation by 65%

Investment app Freetrade has slashed its valuation by 65% as it prepares for a fresh crowdfunding campaign in June.

14 June 2023

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Chip records first profitable month

UK wealth app Chip has recorded its first profitable month since its formation six years ago.

30 May 2023

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Bitpanda to invest $10 million in AI

Austrian cryptocurrency outfit Bitpanda is to invest $10 million to create a dedicated AI division.

16 May 2023

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PIMFA WealthTech and Morningstar launch 'Duty of Care' tech challenge

The technology arm of trade association PIMFA has teamed up with Morningstar to launch a 'Duty of Care Tech Challenge' that will bring together the fintech and wealth management sectors in an effort to find ways of ensuring consumer duty rules are met.

11 May 2023

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ChatGPT investment fund smashes the UK's ten most popular funds

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value over the same time period.

02 May 2023

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Raiffeisenlandesbank to offer crypto investments

Austria's Raiffeisenlandesbank aims to become the first traditional European bank to incorporate cryptocurrencies and other digital assets into its investment offering for clients.

27 April 2023

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Iress to reduce global headcount by 10% amid major restructuring

Financial technology firm Iress is to cut ten percent of its headcount amid a restructuring effort that will entail a leadership reshuffle and the divestment of its the Managed Fund Administration and platform services.

20 April 2023

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Virgin Money launches digital wealth platform

Virgin Money has launched a digital wealth management platform for retail investors through a joint venture partnership with abrdn.

13 April 2023

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FCA to host Greenwashing TechSprint

The UK's Financial Conduct Authority is to host an international operational forum aimed at developing tools to tackle the rising tide of greenwashing in financial services.

11 April 2023

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